Accurate pricing for your crypto assets every time with our FMV methodology
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Recap FMV Calculator
Asset
BTC
Cost basis
Methodology
Provider
Base
Quote
Kaiko
BTC
usd
Interval
Exchange
10m
Coinbase
Timestamp
Price
Trades
Volume
2023-06-15 00:00:00
2.000
93
4466.231784612374
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What is fair market value (FMV)?
Fair market value (FMV) is the price an asset would sell for on the open market between a willing and informed buyer and seller, trading without pressure.
How Recap determines fair market value
Recap uses market data from pricing providers Crypto Compare, Kaiko and Oanda to establish the fair market value of your crypto transactions.
<OVERVIEW SENTENCE HOW WE DETERMINE FMV>
Recap’s FMV methodology is trusted by top tax professionals
FAQs
- What is fair market value?
Fair market value (FMV) is the price an asset would sell for on the open market between willing and informed buyers and sellers, trading without pressure.
- Why is FMV for crypto assets so complex?
Fair market valuation for crypto is complex because of price fluctuations between exchanges and pricing indexes. FMV is influenced by market volatility, differing exchange rates and liquidity concerns. To satisfy tax authorities, care must be taken to arrive at an appropriate valuation for the transaction using a consistent and documented methodology.
- How do you establish fair market value of crypto assets?
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- Is fair market value the same as market value?
No, fair market value considers the principles of free and open market activity, whereas market value refers to the price of an asset in the market place.
- Is fair market value the same as appraised value?
No, fair market value considers the principles of free and open market activity, whereas appraised value refers to an asset’s value in the opinion of a single appraiser.
- What factors affect FMV of crypto assets?
Several factors can affect the fair market value of crypto assets including market volatility, exchange rate and liquidity.